The annual inflation rate in Canada fell to 1.4 percent in January 2019 from 2.0 percent in the previous month and below market expectations of 1.5 percent. It was the lowest inflation rate since October 2017, mainly due to cost of energy and services. Inflation Rate in Canada averaged 3.14 percent from 1915 until 2019, reaching an all time high of 21.60 percent in June of 1920 and a record low of -17.80 percent in June of 1921.
Inflation Rate in Canada is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Canada to stand at 2.10 in 12 months time. In the long-term, the Canada Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.